1601-1611 Main St 21 Unit Apartment Building $9,984,620 CAD ($475,458 CAD/Unit) 6.12% Cap Rate Los Angeles, CA 90015

The subject property is an ideal mixed use residential/retail building located in the heart of downtown Los Angeles. It has six (6) ground floor retails units and twenty-one (21) upper floor residential units. The building is located at the signalized corner of 16th and Main Street just north of the Santa Monica (10) Freeway. Building has full camera security systems, gated rear parking for approximately 12 cars, roof and electrical and upgrades throughout, and is fully sprinklered. Each of the commercial ground floor units and the residential units have separate electrical meters. Two of the residential loft units have their own private bathroom and parking. The remaining residential units are approximately 400 square feet each comprised of two rooms with individual separate showers per unit. The building has freeway signage potential since the rear faces the Santa Monica (10 freeway near the Harbor (110) freeway interchange. The ground floor units have stabilized tenants that have been in the property between 3-15 years. All of the residential units are currently on a month to month basis. The property has been upgraded and offers a historically stabilized income potential.